REG - ITM Power PLC - Notice of Results

ITM PowerAnnouncement

24/01/2022 10:50

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20220124:nRSX3800Za&default-theme=true

RNS Number : 3800Z  ITM Power PLC  24 January 2022

24 January 2022

 

ITM Power plc

("ITM Power" or the "Company")

 

Notice of Half Year Results and Investor Presentation

 

ITM Power (AIM: ITM), the energy storage and clean fuel company, announces
that it will issue its half year results for the six months ended 31 October
2021 on Thursday 27 January 2022. There will be an analyst call on the day at
0930h GMT. Those analysts wishing to join the call should register to receive
an invitation by contacting ir@itm-power.com (mailto:ir@itm-power.com)

 

There will also be a presentation for investors at 1400h GMT on the same day
on the Investor Meet Company platform. The presentation is open to all
existing and potential shareholders. Questions can be submitted pre-event via
the Investor Meet Company dashboard up until 0900h GMT the day before the
meeting or at any time during the live presentation. Investors can sign up to
Investor Meet Company for free and add to meet ITM POWER PLC via:

https://www.investormeetcompany.com/itm-power-plc/register-investor
(https://www.investormeetcompany.com/itm-power-plc/register-investor)

Investors who already follow the Company on the Investor Meet Company platform
will automatically be invited.

 

The presentation given on the calls will be available on the Company's website
from 0930h GMT and will contain no new material disclosable information not in
the Half Year Report.

 

For further information please visit www.itm-power.com
(http://www.itm-power.com/)  or contact:

 

 ITM Power plc
 James Collins, Investor Relations                 +44 (0)114 551 1205

Justin Scarborough, Investor Relations
+44 (0)114 551 1080

 Investec Bank plc (Nominated Adviser and Broker)  +44 (0)20 7597 5970
 Jeremy Ellis / Chris Sim / Ben Griffiths

 Tavistock (Financial PR and IR)                   +44 (0)20 7920 3150
 Simon Hudson / Tim Pearson / David Cracknell

 

About ITM Power plc:

ITM Power manufactures integrated hydrogen energy solutions for grid
balancing, energy storage and the production of renewable hydrogen for
transport, renewable heat and chemicals. ITM Power PLC was admitted to the AIM
market of the London Stock Exchange in 2004. In October 2019, the Company
announced the completion of a £58.8m fundraising, including an investment by
Linde of £38m, together with the formation of a joint venture to deliver
renewable hydrogen to large-scale industrial projects worldwide. In November
2020, ITM Power completed a £172m fundraising, including a £30m investment
by Snam, one of the world's leading energy infrastructure operators. In
January 2021, the Company received an order for the world's then largest PEM
electrolyser of 24MW from Linde. In October 2021, the Company, with Linde,
announced the deployment of a 100MW electrolyser at Shell's Rhineland
refinery, following the start-up of an initial 10MW facility at the site. In
November 2021, ITM Power raised £250m to accelerate expansion.

 

ITM Power operates from the world's largest electrolyser factory in Sheffield
with a capacity of 1GW (1,000MW) per annum, with the announced intention to
build a second UK Gigafactory in Sheffield with a capacity of 1.5GW expected
to be fully operational by the end of 2023. The Group's first international
facility, expected to have a capacity of 2.5GW per annum, is intended to be
operational by the end of 2024, bringing total Group capacity to 5GW per
annum. Customers and partners include Sumitomo, Ørsted, Phillips 66, Scottish
Power, Siemens Gamesa, Cadent, Northern Gas Networks, Gasunie, RWE, Engie,
GNVert, National Express, Toyota, Hyundai and Anglo American among others.

 

-ends-

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  NORBIMMTMTITBBT